NASDAQ$FAST
Fastenal Company · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Fastenal's financial performance was influenced by the COVID-19 pandemic, with surge sales of PPE offsetting declines in traditional business, resulting in a net sales increase.
Fastenal reported a 10.3% increase in net sales for Q2 2020 compared to Q2 2019, driven by surge sales of PPE which offset declines in traditional business. Diluted net earnings per share increased by 16.7% to $0.42. The company experienced shifts in product mix and end market performance due to pandemic-related events.
- Net sales increased by 10.3% due to surge sales of PPE offsetting declines in traditional business.
- Diluted net earnings per share increased by 16.7% to $0.42.
- Gross profit margin declined by 240 basis points to 44.5% due to product mix changes and lower safety product margins.
- Manufacturing and non-residential construction end markets were down 9.4% and 10.3%, respectively, while the government business was up 266.7%.
Headline financials
Revenue & EPS history
Fastenal · Revenue · Quarterly
$1.51B
Revenue by segment
Fastenal · $461M total across 1 segment · Q1 2021
- Fastener Products$461M+2.3%100.0%
Forward guidance
The company expects surge-type PPE orders to decline as they enter the third quarter of 2020. Whether our traditional business continues to improve in the third quarter from June levels of activity, and at what pace, remains difficult to project.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+3.0%
Avg return
30 days after
46%
32 / 69 earnings
Positive
+14.2%
Q3 2019
Best reaction
-9.5%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -6.9% | -12.2% | |
| Q4 2025 | -2.5% | +0.3% | +5.6% | |
| Q3 2025 | -7.6% | -7.3% | -10.5% | |
| Q2 2025 | -1.1% | +1.4% | -3.6% | |
| Q1 2025 | +6.4% | +6.1% | +3.7% | |
| Q4 2024 | +1.8% | +1.1% | +0.0% | |
| Q3 2024 | +9.6% | +11.1% | +19.1% | |
| Q2 2024 | +5.7% | +9.1% | +3.5% | |
| Q1 2024 | -5.7% | -8.0% | -9.2% | |
| Q4 2023 | +9.4% | +9.7% | +10.8% | |
| Q3 2023 | +7.3% | +7.2% | +7.1% | |
| Q2 2023 | -2.1% | -3.3% | -2.2% | |
| Q1 2023 | +1.4% | +2.5% | +4.2% | |
| Q4 2022 | +3.1% | +4.3% | +12.4% | |
| Q3 2022 | -3.9% | +4.0% | +13.4% | |
| Q2 2022 | -5.3% | -4.2% | +11.6% | |
| Q1 2022 | -2.9% | -4.7% | -8.7% | |
| Q4 2021 | -3.8% | -1.6% | -12.3% | |
| Q3 2021 | +2.7% | +6.7% | +13.5% | |
| Q2 2021 | -1.5% | -0.8% | +2.4% | |
| Q1 2021 | -1.3% | -0.3% | +5.0% | |
| Q4 2020 | -4.5% | -4.5% | -6.3% | |
| Q3 2020 | -5.6% | -5.0% | -2.7% | |
| Q2 2020 | +1.5% | +1.9% | +10.7% | |
| Q1 2020 | +7.1% | +11.3% | +19.9% | |
| Q4 2019 | -4.0% | -3.7% | +2.7% | |
| Q3 2019 | +14.2% | +14.8% | +19.5% | |
| Q2 2019 | -1.0% | +0.1% | -4.8% | |
| Q1 2019 | +6.9% | +6.6% | +0.7% | |
| Q4 2018 | +9.7% | +9.2% | +16.4% | |
| Q3 2018 | -7.9% | -5.3% | -1.6% | |
| Q2 2018 | +11.7% | +11.9% | +16.5% | |
| Q1 2018 | -6.8% | -6.9% | -4.9% | |
| Q4 2017 | -3.9% | -2.0% | -1.2% | |
| Q3 2017 | +2.4% | +5.3% | +6.1% | |
| Q2 2017 | -1.0% | -2.5% | -2.2% | |
| Q1 2017 | -9.5% | -9.0% | -11.1% | |
| Q4 2016 | +4.8% | +5.6% | +5.1% | |
| Q3 2016 | -7.3% | -9.0% | +6.6% | |
| Q2 2016 | -4.5% | -4.2% | -4.2% | |
| Q1 2016 | -2.4% | — | — | |
| Q4 2015 | -6.3% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | -3.1% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +0.7% | — | — | |
| Q3 2014 | -7.7% | — | — | |
| Q2 2014 | -5.5% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | -3.2% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | -4.1% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | +7.1% | — | — | |
| Q2 2012 | +8.6% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | +6.9% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | +1.4% | — | — | |
| Q3 2010 | +0.9% | — | — | |
| Q2 2010 | +2.2% | — | — | |
| Q1 2009 | -2.8% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q3 2009 | -2.6% | — | — | |
| Q2 2009 | +0.7% | — | — |
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